# US Treasury bond buyback strengthens gold debasement trade ahead of Jackson Hole

https://mins.news/en/item/31957

- South China Morning Post, 2026-08-25 01:00 UTC
- Economy
- Original: https://www.scmp.com/business/china-business/article/3365059/us-treasury-bond-buy-back-reinforces-gold-debasement-trade-jackson-hole-meeting-looms?utm_source=rss_feed

> The US Treasury’s larger buyback programme for long-maturity bonds is bolstering bets that gold will benefit from currency debasement. With the Federal Reserve’s Jackson Hole meeting approaching, gold reached a three-month high of US$4,698 an ounce on Tuesday after gaining 5.1 per cent the previous week following Scott Bessent’s announcement of the repurchases.

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